SEOUL, Jun. 10 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Monday the government ordered community doctors to keep providing medical treatment and report to authorities when they close their businesses, after the doctors voted to stage a strike in protest of the government’s medical reform. Cho issued the order a day after the Korean [...]
SEOUL, Jun. 7 (Korea Bizwire) – On the 31st anniversary of Samsung’s famous “New Management” declaration by its late chairman, Lee Kun-hee, a sense of crisis is gripping the tech giant as it grapples with declining profits and an unprecedented labor dispute. Since Lee’s groundbreaking speech in Frankfurt in 1993, where he warned that Samsung risked [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing intensifying headwinds in the global steel industry, POSCO, South Korea’s largest steelmaker, has reinstated a five-day workweek for its executives, just four months after pioneering a four-day schedule in an attempt to improve work-life balance. According to industry sources, POSCO notified employees last month that senior managers would return [...]
HANOI, Jun. 7 (Korea Bizwire) – As soaring prices and the weakening South Korean won make living costs increasingly untenable, Vietnamese workers in the country are tightening their belts, cutting back on grocery and remittance expenses to make ends meet, according to Vietnamese media reports. Nguyen Phuc Thien, 28, who has worked at a container flooring [...]
SEOUL, Jun. 7 (Korea Bizwire) — Doctors at four major hospitals affiliated with Seoul National University (SNU) are set to stage a walkout from June 17, according to hospital officials on Friday, in a move that would complicate efforts by the government to resolve a protracted walkout by trainee doctors. Medical professors at the four [...]
SEOUL, Jun. 7 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant. About 28,000 members of the National Samsung Electronics Union (NSEU) were set to collectively take the day [...]
SEOUL, June 5 (Korea Bizwire) – Tensions are escalating between factions within Samsung Electronics’ labor unions, with the company’s overarching union alleging misconduct by the National Samsung Electronics Union after it declared an unprecedented strike last month. On the evening of June 3, A, the head of the DX division of Samsung’s enterprise union, posted a [...]
SEOUL, Jun. 5 (Korea Bizwire) — Around 1 out of every 10 South Korean workers at small and mid-size companies who changed their jobs in 2022 landed new jobs at large conglomerates, data showed Wednesday. The number of registered employees who were eligible for state insurance programs came to 26.06 million in 2022, up 2.2 [...]
SEOUL, Jun. 5 (Korea Bizwire) — Trainee doctors who left their worksites for months in protest of the government’s medical reform were seen as mostly lukewarm to plans by the government to allow them to seek other career paths or return to hospitals without legal burdens, according to some junior doctors Wednesday. In an apparent [...]
SEOUL, Jun. 5 (Korea Bizwire) – South Korea’s leading food delivery platform, Baemin, has announced that its delivery riders working over 40 hours per week earned an average monthly income of 3.93 million won from January to April this year. This figure represents a notable increase of 400,000 won (11.3%) compared to the same period in [...]